ACCOUNTS - Final Accounts preparation

Registered number: 07045248

MAGNA COLOURS HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

MAGNA COLOURS HOLDINGS LIMITED

REGISTERED NUMBER: 07045248

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		129,037		129,037
Current assets
Debtors		311,770		311,770
Cash at bank and in hand		219,800		220,071
		531,570		531,841
Creditors: amounts falling due within one year		(1,500)		(1,500)
Net current assets			530,070		530,341
Total assets less current liabilities			659,107		659,378
Net assets			659,107		659,378

Capital and reserves
Called up share capital	87,973	87,973
Capital redemption reserve	43,808	43,808
Profit and loss account	527,326	527,597
	659,107	659,378

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Board and were signed on its behalf on 17 September 2025.

Miss A J Saal

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

MAGNA COLOURS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Magna Colours Holdings Limited is a private company limited by shares, incorporated in England and Wales (registered number: 07045248). Its registered office is Unit 3 Dodworth Business Park, Upper Cliffe Road, Dodworth, Barnsley, South Yorkshire, S75 3SP. The principal activity of the Company throughout the year continued to be that of a holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

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MAGNA COLOURS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	129,037
	At 31 December 2024	129,037

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MAGNA COLOURS HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.Other financial commitments

Banking facilities are secured by way of a debenture. There is a fixed and floating charge over the assets of the company in relation to this bank debt.

6.	Post balance sheet events

Subsequent to the year end, on 26 June 2025, the Company received a dividend of £2,506,694 from a subsidiary and paid a dividend of £2,696,694 to its parent company.

7.	Controlling party

The ultimate controlling party of the Company is Avient Group by virtue of its 100% ownership of the share capital of the Company. Its registered office is 33587 Walker Road, Avon Lake, OH, United States, 44012. The results of Magna Colours Holdings Limited are consolidated in the Avient Group and are publicly available.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 17 September 2025 by Andrew Irvine (Senior Statutory Auditor) on behalf of Shorts.

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